Answered: Affordable Care Act

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

"As you think about the Affordable Care Act (often colloquially referred to as Obamacare), consider the original Act of 2010 and compare it to what is left of the Act today. There have been SIGNIFICANT changes since the inception of the Act. Much of the original Act is intact, however much of it has also been discontinued or changed since 2010. Reflect upon how the Act--as it exists today--and how it has affected operations for the healthcare manager. How has the Act changed the way we do business in healthcare?"

Expert Solution

Step 1

The Affordable Care Act was signed on March 2010 and is also known as “Obamacare”.

AFFORDABLE CARE ACT was developed to give health coverage to millions of Americans.

AFFORDABLE CARE ACT has Medical care eligibility, health insurance marketplace and has strict conditions for insurance companies so they can’t deny insurance coverage.

AFFORDABLE CARE ACT covers all list of necessary health benefits.